iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,432 Blog Posts

I’VE BEEN McNUKED!

Any reasonable human being knows by now that we’ll never achieve Dow 20,000. Ramp and his wheeled chair loving ass will have to continue to inject himself with shots of heroin — because the shit ain’t happening.

That’s fake news.

My nuclear stocks rose throughout the day, with both $URG and $UEC performing golden showers on those betting against them. However, in the after hours, UEC announced a bit of dilution to be dome at $1.50.

16:28 | UEC | (1.68 +0.10)
Uranium Energy confirms underwritten public offering of units of the company at price of $1.50/unit to raise up to $10 mln
Each Warrant will entitle the holder to acquire one common share (each, a “Warrant Share”) at a price per Warrant Share of $2.00 exercisable six months from and expiring on the third anniversary from closing. The Company anticipates that the net proceeds of the Offering will be used to fund exploration and development expenditures at the Company’s projects and for general corporate and working capital purposes.

The title of this post was designed to draw in assholes who like to see my damage myself. Understand that my basis for UEC is $1.04 and that the company just financed operations nearly 50% higher from where I own it. In other words, the worst is behind us; make way and BEHOLD for extravagant cocaine parties coupled with Liberace impersonators traversing these halls in a most decorous manner.

Although you may feel downtrodden and like a disgusting human being, for a sundry of reasons, find solace in knowing that someone like “The Fly” exists in the world and that you’re fortunate enough to read his biblical missive on a daily basis.

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26 comments

  1. halfbloodpope

    I too have had the carpet pulled from underneath my feet, see $SPHS, via the vampires at Sabby. Warrants were also issued, which I believe to be an insurance policy for those short to hammer the share price to pieces in the near term. Long story short these micro plays need liquidity and the vampire capitalists provide that via warrants.

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  2. lesurgeon

    Are you suggesting the worst is behind us in UEC or the market in general, Sir.

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  3. mad marsupial

    Sheesh. Almost every candle said bail out yesterday. Although CCJ keeps on keepin on.

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  4. dmfracer

    Allow me to pile on with a bit of my own trading account braggadocio – up to the tune of 31.6% ytd (and yes that includes a couple of losing trades). Exodus FTMFW.

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  5. uglyflint

    Don’t forget Tidewater. Coldcocked the past two days. Perfect garbage pick.

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    • Dr. Fly

      We are to expect broken elevators when we traverse in the junkyard. I sold TDW in the $2.90s yesterday. Anything suggestive to the contrary is in fact FAKE NEWS.

      Also, my weight was 8% on TDW, as discussed, which renders your attack upon me flaccid.

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      • uglyflint

        No attack intended. Just an observation.

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        • Dr. Fly

          Recall when I bought it, I discussed the fact that it was already insolvent. When playing with the rope, every so often you will hang yourself.

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  6. it is showtime

    This continues to dispel a trumpramp – it’s an end 16 added leg

    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/20170109_EOD1.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/2017011_EOD2_0.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/2017011_EOD9_0.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/2017011_EOD5_0.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/2017011_EOD6_0.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/2017011_EOD7_0.jpg
    zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/03/20170109_EOD13.jpg

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  7. tradercaddy

    Dr. Fly- An interesting take on the bottoming uranium sector.
    http://www.kitco.com/commentaries/2017-01-13/The-Uranium-Miner-Sector-Has-Bottomed.html

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  8. mensch

    In happier news, looks like $DRYS is about to go parabolic. I YOLO’d a few shares with you this morning, thanks for the call.

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  9. heckler

    Shit like this turns me into a fanboy, but fuck yeah. Long live the Fly! Happy to be aware a motherfucker like you exists in my multiverse.

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  10. handyandy

    Your right, the WORST is behind you, and running faster than you can!!

    It spent most of 2016 sub $1 and barely breaching that.

    I hope it does start radiating come Tuesday, however, historical spot prices for U3O8 are low at present, mainly due to large stockpiles.

    There is scarcity in the production of U3O8, with 90% of mine production going to power utilities. Russia and China have been buying mines in other countries, will this continue under a Trump administration?

    This would be a good play at around $0.70 -0.85 but $1.04 is to much for a small player in the Uranium market.

    I think you may have to much Over Exposure to this stock…..no pun intended.

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  11. brvalentine

    Early innings in Uranium. Big Dick sized gains forthcoming. Buy MOAR on any and all pullbacks. You can either book 30-50% or, await 100-300% returns depending on your time horizon.

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